Platinum just hit US$1000 mark, which was a heavy headline resistance. The coming FOMC will hear more rate hike talk then BEFORE; time to jump ship.
It's hard to level a stage with only a dummer When you become a real drummer please come back & we can then level the stage Until then Your only dribbling from one side & nothing you say makes any sense Dribble dribble burp fart OOH look it's running down your leg Would you like a bib ?
I'm actually very happy. I hope gold keeps falling. I plan buying that 100 gram cold combi bar with my next check. I've also got some jewelry to buy and with 80% markup being the minimum for more jewelers I'd be glad if gold falls below 1000
We are all trying real hard to ignore you. We all know, you only come out of your closet when Gold is temporarily down. Everybody knows, you go back into your closet when Gold goes up. There's nothing else to say anymore ....
It's all about timing. I have some bullion for retirement in two or three decades time. That's my timing, what's yours? Three months or three years? Timing for traders seems to mean about three seconds to three days. I know rich stackers that consider timing to be for the next three generations of their family.
That seems to be the problem here. People that buy/sell on months periods, prediction basis months, without making clear, are interpreted by year and decade term traders. Nevertheless, erroneous decisions on the decade(s) term tend to never be corrected. Historically seen, break even is never achieved in real terms (=inflation adjusted). Real loss. There is an ever returning behaviour: after every bull market, a price trend has to climb a wall of such bogus break even sales by disappointed people. It takes people decades to forget bear markets. Only when the hard lessons are forgotten, and/or next generations of stupidity arrive, that a next bull market starts. We have had high inflation in the 200x years. Things changed. The central planners pushed their monetary brake, and were smart enough to sell it as an easing instead, causing / scaring bank depositors to waste alot savings on frontrunned markets. Once enough deposits changed hands to central planners entities, these will switch back to their common practice: inflation targeting as a steady, controlled theft.
I am hoping that leon is right as i have had the same thoughts on lower PM prices since last year and am having a go at cashing in on my beliefs. I have made it clear i expect silver to drop down to the $14 USD range by March and have sold 1200 OZs since i first mentioned this on SS. So if i am right i can buy back in and make around 600 free OZs but if i turn out to be wrong i will take a bit of a bath and be out several grand. Live and learn i guess. Kinda like betting on a football game but the halves are 2 months long Good value for money if i think about it like that
Well if he was betting on his calls, likely he won't have the money to pay for internet and sold his gadgets to pay bills
I'm still waiting for silver to peak at $100/oz Signs and Portents And yes I have that episode on the dvd box set..awesome...ahh yeh I'm one of those guys that bought alot of silver at $16... :thuglife: